Hiring Incentives to Restore Employment (HIRE) Act

On March 18, 2010 the Hiring Incentives to Restore Employment (HIRE) Act was signed into law. This law provides a Social Security Tax Exemption and a Business Tax Credit for businesses hiring qualified employees, who were previously unemployed.

(Excerpts from the IRS's press release http://www.irs.gov/newsroom/article/0,,id=220326,00.html?portlet=7)
"Two new tax benefits are now available to employers hiring workers who were previously unemployed or only working part time. These provisions are part of the Hiring Incentives to Restore Employment (HIRE) Act enacted into law today.

Full details on the HIRE Act are available on the IRS website: http://www.irs.gov/businesses/small/article/0,,id=220745,00.html

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Hiring Incentives to Restore Employment (HIRE) Act